The Lord Is My Sheperd by Oluwagbemiga Olowosoyo

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Book review

As for the money needed for the exchange of t, t. E. That part of Division I of commodity-capital, in the second half of the constant capital II of division, then the money can be advanced by a variety of ways. In fact, this treatment includes a countless number of individual purchase and sale of acts committed by individual capitalists of both departments, with money under all conditions must come from these capitalists, since the amount of money that is thrown into circulation workers account already finished. Or capitalist II is part of his money-capital, existing in his presence along with its productive capital, to use the fact to buy means of production from department I capitalists; or, on the contrary, the capitalist of I can buy commodities from the capitalists of II due to a monetary fund, intended for personal expenses and not naraskhodovanie as capital. As already indicated above in sections I and II, the it is assumed that in the hands of the capitalists in all conditions, along with the productive capital necessarily available known cash reserves, and the indifferent are they for advance payments as a capital, or for consumption as income. Suppose - for our purposes, the proportion is quite indifferent - that half of the money advanced by the capitalists of II in the purchase of means of production to compensate for the constant capital, while the other half is consumed by the capitalists of I consumption. In this case, division II advances ? 500. Art., Buys them from I means of production, and thereby reimburse in natura (including the above 1000 pounds sterling received from the workers of I..) 3/4 of its constant capital; Unit I thus obtained at 500 psi. Art. buys from department II commodities, and thus half of the part of I, which consists of commodity-capital t, made an appeal t - d - t, and this part of I product thus realized in the fund of consumption. Consequently, the second process 500 f. Art. back into the hands of the capitalists of II as money-capital, which the capitalists of this department have along with its productive capital. On the other hand, the capitalists of Department I at the expense of the half ton of his commodity-capital, which still lies in their stores as a product, anticipate - before this part of the product sold - spending of money in the amount of ? 500. Art. for the purchase of consumer goods in the capitalist division II. On these same ? 500. Art. Department II buys means of production from I and so reimburses in natura its entire constant capital (1000 + 500 + 500 == 2000), while the unit I realized in commodities all their surplus value. In total exchange of goods worth ? 4000. Art. would be accomplished by means of circulation of money in the amount of 2 000 p. Art., and the value of the latter amount is determined only by the fact that, according to our presentation, the entire annual product is exchanged again, a few large pieces. It is important to only the fact that the unit II is not only turned over in the shape of means of production, their constant capital reproduced in the form of articles of consumption, but to him, in addition, ? 500 back. Art, advanced to them for treatment, for the purchase of capital goods.; and that unit I in the same way not only the newly received its reproduced them in the form of means of production, variable capital in money form, as money capital, which again can be directly converted into the workforce, but that to him, moreover, returned ? 500 . st., which it, in anticipation of the sale of the surplus value of his commodity-capital, even before the sale of this spent on the purchase of consumer goods. But this money is returned to him back is not accomplished due to exhaustion of, and as a result of the subsequent sale of its commercial product bearing a half of its surplus-value.